Saudi officials reportedly offer freedom to arrested royals — in exchange for 70% of their wealth

Saudi authorities are negotiating a price for the freedom of princes and businessmen held over allegations of corruption, the Financial Times reported. The Saudi government is looking to appropriate as much as 70 percent of a suspect's wealth in some cases, the Financial Times reported Thursday, citing sources which could not be verified by CNBC. The settlements have the potential to channel hundreds of billions of dollars into depleted state funds.
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